The group is is in advanced talks to set up a university and a school as part of its strategy in expanding into education and healthcare sectors.
The Drive at AKOYA will be extended to 2.5 kilometres from its initial length of 1.3 kilometres due to demand, the luxury property developer said.
Globalpharma will produce anti-infective, cardiovascular and gastrointestinal drugs for the Middle Eastern market, following its acquisition by Sanofi.
Platinum Residences, in Dubai Silicon Oasis, will comprise of two towers, featuring 200 apartments and will be completed by April 2015.
The company has picked Dubai Islamic Bank, Emirates NBD, Noor Bank and Standard Chartered for the sukuk sale, according to the document.
Airline won’t be able to compete with Emirates on scheduling but will on price
Consolidated volumes, at terminals over which DP World has control, rose 8.8 per cent to 7.3 million TEU.
The firm made a net profit of Dhs558.7 million ($152.11 million) in the three months to Sept. 30.
New route enhances Hungarian capital’s connectivity to eastern markets
The projects will be built over five years and will include 10 million square feet of space for innovation complexes, technology laboratories and smart buildings.
The International Monetary Fund also said on Monday that rises in Dubai property prices had moderated, and were now less of a concern.
DFM made a net profit of Dhs153.5 million in the three months to Sept. 30.
The mega development, spread across six million sq metres, will include residences, integrated transportation systems, and green open parks.
Dubai International Airport also saw a growth in traffic during the first nine months in 2014, which reached 52 million compared to 49 million during the same period last year.
Third-quarter revenue rose to Dhs922 million, up 12 per cent year-on-year.
The lender made a net profit of Dhs596.8 million ($162.5 million) in the third quarter of 2014, up from Dhs473.2 million from the same period last year.
The hotel, being developed in partnership with Abu Dhabi Financial Group and real estate developer Sheffield Holdings, will be situated in Marina 101 in Dubai Marina.
A senior IMF official said that risks in Dubai’s real estate market seems to have decreased partly due to the measures taken by the government in limiting speculative buying.
The conglomerate said its net profit was Dhs189.1 million ($51.5 million) in the third quarter, compared with Dhs161.1 million in the same period of 2013.
The Japanese electronics giant said that the world’s first Xperia Aquatech store in Dubai is nearing completion and will open on December 3.
Dubai’s index rose 1.8 per cent to 4,653 points as most stocks gained.
The project features a walkway and jogging track running from the Dubai Marine Beach resort up to Burj Al Arab hotel.
Part of the Emaar Square integrated community, it marks the first full fledged hotel and residence project of The Address Hotels and Resorts brand in the international market.
The man, coming from Liberia, was transiting at Dubai and was suspected of having the virus after suffering from diarrhea.
eyaar, one of the companies worst hit by Dubai’s property market collapse in 2009-2010, made a quarterly profit of Dhs78.5 million.
DIC has been selling down its portfolio of assets to service its debt, most recently selling German packaging company Mauser for $1.72 billion.
The bank’s chief executive said there were a number of options available to boost its capital reserves but it would choose the cheapest way to boost the ratio at the time it chose to act.
The Bollywood theme park, featuring five movie themed areas, is part of the upcoming Dubai Parks & Resorts project.
The bank made Dhs676.8 million of net profit attributable to the owners of the bank in the three months to September 30.
ENBD’s earnings have been given a lift in recent quarters by a resurgence in the Dubai economy.